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    Property profile & analytics

    400 Shorewood Rd Round Lake Beach, IL 60073-2211

    • Grocery and convenience stores
    • 7,712 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Last Sale
    Dec 07, 2023
    $225,000
    Location Intelligence
    Property ID
    US28-1335026
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 400 Shorewood Rd

    Year built
    1949
    Construction
    FRAME
    Lot size
    0.32 lot acres
    Property size
    7,712 SF
    Property type
    Grocery and convenience stores
    APN
    06-16-330-023
    APU
    616330023

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Round Lake Beach
    County
    Lake
    State
    Illinois
    Longitude
    -88.073
    Latitude
    42.3718
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,693
    $29,377
    $52,703
    $82,080
    -
    $88,140
    $158,125
    $246,265

    Comparable in this City

    • Value Estimation
      $220,000
      1,700 SF

      214 Main St

      CONVENIENCE STORE • 1,700 SF
      214 Main St, Round Lake Park, IL 60073-3604
      View Details
    • Value Estimation by Request
      2,856 SF

      320 Nippersink Rd

      CONVENIENCE STORE • 2,856 SF
      320 Nippersink Rd, Round Lake, IL 60073-3222
      View Details
    • Value Estimation
      $2,210,000
      7,670 SF

      1211 Rollins Rd

      CONVENIENCE STORE • 7,670 SF
      1211 Rollins Rd, Round Lake Heights, IL 60073-1022
      View Details
    • Value Estimation
      $470,000
      1,808 SF

      840 Rollins Rd

      CONVENIENCE STORE • 1,808 SF
      840 Rollins Rd, Round Lake Beach, IL 60073-1227
      View Details
    • Value Estimation by Request
      1,936 SF

      221 Rollins Rd

      CONVENIENCE STORE • 1,936 SF
      221 Rollins Rd, Round Lake Beach, IL 60073-1348
      View Details
    • Value Estimation
      $615,000
      4,608 SF

      31776 Us Hwy 12

      CONVENIENCE STORE • 4,608 SF
      31776 Us Hwy 12, Volo, IL 60073-9795
      View Details

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      Round Lake Animal Hospital NNN Lease

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    Similar Nearby for Lease

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      Retail space with high visibility and expansion potential in Volo.
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    400 Shorewood Rd
    Round Lake Beach, IL 60073-2211
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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